Author: Muindi

When it comes to sports betting, you need to enter the ring with a strategy. If you’re a beginner, there are certain key features of sports betting that you need to understand and stay on top of. This is a market that changes rapidly and if you’re not up to date with all the changes, then you’ll be left behind. Research, consistency, patience and understanding are all going to be your guiding words within the sports betting market. The first thing you have to do is start with a clear plan. This means having certain boundaries around how you plan…

Sanlam Allianz Holdings (Kenya) Plc closed 2025 with a profit before tax of KSh 1.315 billion, a 7.65% decline from the prior year, as stronger underwriting performance was offset by a sharp deterioration in investment returns. The results mark a year in which the group completed a rights issue, executed a corporate rebrand and restructured its balance sheet, building a foundation that analysts say positions it well for the period ahead, even as near-term earnings remain under pressure. A Year of Transition and Rebrand The group rebranded from Sanlam Kenya PLC to SanlamAllianz Holdings (Kenya) PLC during the year, reflecting…

Advtech delivered its strongest financial performance on record in 2025, reporting revenue of R9.33 billion (KSh 70.44 billion) and operating profit of R2.04 billion (KSh 15.39 billion) for the year ended 31 December, the first time the Johannesburg-listed education group has crossed the two-billion-rand profit threshold. Revenue grew 9.5% while operating profit climbed 13.8%, according to audited results released on 23 March 2026. The numbers reflect a business that has moved well beyond its South African roots, with Kenya now standing as its most significant international market. Education Drives the Numbers The Education division, which contributes 84% of group revenue,…

Africa imports the medicines it needs. That dependence carries a cost — in money, in supply chain exposure, and in lives lost when global disruptions cut off access to essential drugs. Kenya is moving to change that. APIFA Biotech Ltd has proposed a pharmaceutical manufacturing park within Konza Technopolis, the government’s technology city located 60 kilometres southeast of Nairobi. The project operates through a Public-Private Partnership with Konza Technopolis Development Authority (KoTDA). It will produce Active Pharmaceutical Ingredients (APIs), biologics, vaccines, and finished medicines on Kenyan soil. In April 2026, the project cleared its first regulatory milestone, receiving approval to…

Mdundo.com A/S has announced a strategic rights issue to raise up to DKK 10.2 million (approximately Sh205 million). This capital injection aims to secure 12 to 18 months of operational runway and propel the company toward EBITDA profitability. Existing shareholders receive preferential subscription rights at a price of DKK 1.00 per new share. The company has already secured binding commitments for DKK 7.5 million, representing over 73% of the total offer. Strategic Allocation of Capital The company plans to deploy these funds into two primary areas designed to scale the business. Product Development (DKK 4.6–7.5 million): Mdundo will enhance its iOS…

Kenyan legislators adopted the Value Added Tax (Amendment) Bill 2026 on Thursday, slashing the tax on petroleum products from 16% to 8%. This decisive move targets motor spirit, illuminating kerosene, and gas oil to shield citizens from a punishing cost of living. By fast-tracking the legislation, the National Assembly ensured immediate relief for a public grappling with volatile energy markets. Immediate Impact at the Pump The Energy and Petroleum Regulatory Authority (EPRA) revised retail prices downward for the April-May cycle. Under the new 8% tax regime, Nairobi motorists now pay Sh197.60 for super petrol and Sh196.63 for diesel. These figures…